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20121121
20121129
Search Results 0 to 12 of about 13 (some duplicates have been removed)
entitlement reform. >> that's a whole nother conversation. on the issue of taxes warren buffett has written an op-ed in "the new york times" today renewing his stire to see taxes go up on people like him and him himself. in the op-ed he says people who make between a million and $10 million should see their taxable rate go up to 30% and those who make more than $10 million should be taxed at 35%. we'll be back after the break. see you on the other side. as i looked out across the battlefield at antietam. i saw the future of one great nation. but only barely, because the sun was like, way in my grill. george mcclellan, the general, hands me his pair of foster grant sunglasses, and i could see! my wife, mary todd, found them so fetching. >> he looked so fine i started to call him babe-raham lincoln. >> i was like, mary, please. >> you look like a baby, a literal child. i bought a pair online, shipped to 115 main st., that's my gettysburg address. i'm funny. i find them to be affordable frames, of the people, for the people, and, not, by the people, that's par
. warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. ♪ lou: well, we are going to be assessing what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered by retailers on black friday. worries about the fiscal cliff, greece of combining for a market that pretty much went nowhere today. the dow jones industrials down 42. as into down treatment nasdaq rose ten. the sixth day in a row in which the nasdaq has gained. light trading on the big board. concerns about increases in taxes on dividends for the high-yield dividend stocks of late. today at&t and verizon down, both with dividend yields of just about 5%. most retailers lower on the day despite good news on the holiday shopping weekend. target and walmart among the worst -- losers. investors celebrating what som
, raising the marginal tax rate on the top end is spur purely a symbolic t. and the reason warren buffett is able to say, well, my secretary is taxed at a higher rate than i am is not because of that rate, it's because of the capital gains rate at 15%. >> we need to ask him about that, too. and i'm sure he would agree capital gains rates, which were about 28% under bill clinton when we had the roaring '90s, are at 15% right now. i've got to say, this is one of those areas where, when i was in congress, i wanted the capital gains rate to go down, thought it was too high at 28%. it's at 15% now. if you want to look at income disparity, you know, in part, the 15% capital gains tax rate and carried interest allows the super wealthy to get by paying a hell of a lot less than middle-class americans. >> if you're for fairness, that's where the fairness is. that's why the rich don't pay as much tax as the others. the marginal tax rate is marginal. if you raise it a couple of percentage points, it doesn't change much. if you raise that capital gains rate, that's where the big money is made. >> he
on spending problems because that's the problem we have. >> warren buffett wrote this fascinating piece in the "new york times" today. you're familiar with it today. suppose they come to you with an investment idea. i'm in it. i think you should be, too. would your reply be this? it depends on what my tax rate is on the gain we're going to make. if the tax isn't too high, i'd rather leave the money in my savings account. war len buff set says only in norquist imagine kwis. why are you so concerned about protecting the vast wealth of america's small percentage of increasingly rich people? why do you care? >> i'm in favor of not raising taxes on all the american people and as you know the american people quite rightly understand that politicians who say i tax the rich have not finished the sentence. the sentence runs i'm going to tax the rich first and then i'm coming for the middle class. obama said he would tax people na mate 2 hundrthat make over $ a year. in 2012 he changed the promise. he didn't proposition people he won't raise taxes on you if you make less than $200,000. the new pr
's "chalk talk". the billionaire verses the tax master. warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. okay, that looks great... [ camera flash ] were you profitable last m mont? how much money is in your checking account? have the browns paid you for their addition yet? your finances are scattered all over the place. what are your monthly expenses? you keep your receipts in plastic baggies? seriously? [ announcer ] get it done and get it off your mind... with quickbooks. organize your small business finances... all in one place. quickbooks pulls in information from other sources. evennline banking and customer information. visit tryqckbooksfree.com today to start for free. and now your business can be at your fingertips, anywhere, with the convenient mobile app. from creating customized invoices, to tracking sales and expenses, quickbooks can help you manage... every detail of your business. and at tax time, all your records... will be automatilly organized and ready to go, saving you time on prep work. quickbooks, guarante
very much. >>> al sharpton, here is the issue. warren buffett saying this week to the president effectively, my words, not his, don't give in here. don't give in on taxes. threaten to go over the fiscal cliff. it's not going to kill the economy any worse. how does the president work his will here? how does he get to the kind of compromise that david cody wants and other ceos, while still saying i've won this election and i need to drive things in the direction i think is best? >> i think he's got to govern by the commitments made during the campaign. and i think he will. this is about fairness. why do we need to deal with the tax on the rich first? because we must assure americans we are dealing with fairness. we keep talking about shared sacrifice. there was not shared wealth and shared prosperity. so you're asking people that didn't enjoy the good times to share in paying for the tab that they never enjoyed. so i think that when we first deal with the taxes, as you raised in your first point, and then go from there talking about how we deal with entitlements and all, you have
. >> only story you care about. >> of course. might be some mheisman voters. >> warren buffett. excellent, powerful piece "new york times" in the about taxes on the rich. he says the rich have been just beating the middle class in the economy over the past three decades. he has some great statistics. he also says this notion that rich people like him will stop working hard and investing if taxes go up is crazy. he says, i made a lot of money in the '50s, in the '60s when taxes were higher. it's time for us to pay up. a very powerful piece. >> he starts off that piece "new york times" in the saying an investor you had miadmire comesd says i've got this great deal. i'm in. you should be, too. would you reply it all depends on the tax rate on the gains i'm going to make. if the taxes are tie hioo high goes on to slap grover norquist. >> that's not fair. >> in this piece he actually says he's in favor of higher taxes for the rich. but he actually disagrees with the president at what level shah should kick in. he thinks it should be half a million. very interestingly, he says at the very, very
Search Results 0 to 12 of about 13 (some duplicates have been removed)